Intermediate Accounting 2

Hind Alfahad Fatimah Alshahrani Alaa Alsarhani Hibah Alkhalifah

Course project Intermediate accounting 2

A group of 5 students will analyze a selected annual report, and present their work in week 14 during class time. Before the presentation of analysis, each group should hand out a written ( maximum of 5 pages) document that covers the topics mentioned below. Presentation of materials could be done by using paper posters or PowerPoint. Nature of the project: Discuss issues we have covered in chapters 13,14,15,21 that relate to financial statements presentation, notes to financial statements, financial ratios …… etc. In addition, students are expected to relates topics covered in the (discussion and reflection papers) to information in an annual report. Examples of topics to cover:

• Short term liabilities • Provisions • Contingent liabilities and contingent assets • Long term liabilities • Tax Liabilities • Leases • Fair value option • Ordinary and preference shares and related information • Dividends policy • Notes to financial statements and disclosures • Ratio analysis • Type and recording of leases • Non-financial reporting • Application of technology improvement in the company annual reports • Any differences between GAAP and IFRS in terms of the names, and elements’

presentation of financial statements.

Students are expected to discuss the following issues on each point: • Presentation of information • Analysis of information in deep and connect it to the subjects covered in the course. • Example of analysis could be:

o why would a company have a treasury stock? how that affect the financial position of a company?........etc.

o Why would a company choose one kind of lease over the other, and what affect would that cause on the presentation of financial statement?.......etc.

o What kind of liabilities a company has and how that affect the financial position of a company?.....etc.

Each group will choose one of the following annual reports:

• Debenhams • Costa • Audi • Tesco • Adidas • Sieko

Hind Alfahad Fatimah Alshahrani Alaa Alsarhani Hibah Alkhalifah

Individual evaluation rubric: Name: section: Evaluation of the poster or power point presentation:

3 • Professional presentation of the poster ( self confidence, speaking clearly, show high level of understanding)

• High level of Creativity • discussion

2 • Reasonable presentation of the poster ( self confidence, speaking clearly, show some level of understanding)

• Creativity • Reasonable discussion

1 • Reasonable presentation of the poster( low self confidence, un clear speaking, show low level of understanding)

• No creativity • Insufficient or no discussion.

0 • Non presentable

Hind Alfahad Fatimah Alshahrani Alaa Alsarhani Hibah Alkhalifah

Evaluation: You will be graded based on different criteria as indicated below:

Score (7-5) the mark will be based on your achievement of these points

· A group shows fully understanding of the assignments. · A group includes all the main points that is required in the project description. (Introduction, main body and conclusion). · A group shows excellent explanation of the importance of each point and linked to what has been studied in the course. · the paper shows excellent clarification of the difference between GAAP and IFRS in terms of presentation of financial statements. · Ideas and thoughts have been expressed clearly in the paper. ·A student hand over on time.

score (4-3) the mark will be based on your achievement of these points

· A group shows resendable understanding of the assignment. · A group does not include all the main points that are required in the project description. (Introduction, main body and conclusion). · A group does not show excellent explanation of the importance of each point and how this linked to what has been covered in the course. · the paper show good clarification of the difference between GAAP and IFRS in terms of presentation of financial statements.. · Ideas and thoughts have not been expressed clearly ·A group hand over after due date.

score (2-0) the mark will be based on your achievement of these points

· A group shows no evidence of understanding the assignment. · A group does not explain the required main points clearly. · A group does not follow the correct format in writing the paper. · A group hand over after due date or does not hand over.